Trump's first inflation report since the start of his second term shows that prices have risen more than expected.
Core inflation in January increased by 3 percent compared to a year earlier, more than analysts of predictions.
Shares became a hit in pre-market trade with the S&P 500 by more than one percent after the announcement.
Although some economists have warned that Trump's rates would feed the inflation, others point out that many companies spend price increases at the start of the year.
As a Federal Reserve chairman Jerome Powell, it comes to Senators yesterday that the Fed would not hurry to lower the interest rates because it continues his fight to tame inflation.
Today's consumer price index can even cause speculation that the FED should start increasing the rates again, Bloomberg reported.
Traders now bet that the next rate reduction will be as far away as December.
Trump remained challenging on Wednesday morning and arguing with his truth social account that 'interest rates should be lower'.
![Market tanks over hot inflation report as Trump demands interest rate cut Market tanks over hot inflation report as Trump demands interest rate cut](https://i.dailymail.co.uk/1s/2025/02/12/14/95132337-14389269-image-a-11_1739368856958.jpg)
Shares became a hit in pre-market trade with the S&P 500 by more than one percent after the announcement
'Interest rates must be reduced, something that would go hand in hand with upcoming rates !!! Let's rock and roll, America !!! “He wrote.